Sensex slips from record on profit-booking

Updated on Jan 30, 2018 04:53 PM IST

The BSE 30-share barometer fell by 162.24 points or 0.45 per cent to 36,121.01 with IT, teck, healthcare, metal, capital goods and banking stocks falling up to 0.68 per cent.

A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(Reuters File Photo)
A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(Reuters File Photo)
Press Trust of India, Mumbai | ByPress Trust of India

The BSE Sensex sank about 250 points to end at 36,033.73 today as investors booked profits in recent outperformers, while caution prevailed ahead of the Union Budget due later this week.

The Nifty also retreated from its life highs, but managed to close above the crucial 11,000-mark.

The 30-share Sensex, after opening a shade lower at 36,277.12, continued its slide to crack the 36,000-mark and hit a low of 35,993.41 during the day. It finally settled at 36,033.73, down 249.52 points, or 0.69 per cent.

The index had gained 232.81 points yesterday and closed at a record high of 36,283.25.

The Nifty too closed lower by 80.75 points, or 0.73 per cent, at 11,049.65 after hitting a low of 11,033.90.

It had ended at a lifetime high of 11,130.40 yesterday.

Brokers said investors took money off the table and adopted a cautious stance ahead of the Union Budget on February 1.

They also adopted a wait-and-watch mode ahead of the US Federal Reserve’s two-day monetary policy meeting.

Meanwhile, foreign portfolio investors (FPIs) bought shares worth Rs 291.86 crore on net basis while domestic institutional investors (DIIs) also picked up equities to the tune of Rs 90.08 crore yesterday, provisional data showed.

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